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SEC Filings
S-4
SUSSER HOLDINGS CORP filed this Form S-4 on 07/22/2016
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Table of Contents
Index to Financial Statements

PHILADELPHIA ENERGY SOLUTIONS LLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

(in thousands, except unit and volume data)

 

    Gross
amounts
of recognized
liabilities
    Gross
amounts
offset in the
consolidated
balance sheets
    Net amounts of
liabilities
presented in the
consolidated
balance sheets
    Cash
collateral
paid not offset
    Net amounts  

December 31, 2015

         

Derivatives not designated as hedging instruments:

         

Commodity contracts

  $ (152,641   $ 85,199      $ (67,442   $ (11,730   $ (55,712

Derivatives designated as hedging instruments:

         

Interest rate swap contract

    (4,922     —          (4,922     —          (4,922

December 31, 2014

         

Derivatives not designated as hedging instruments:

         

Commodity contracts

  $ (42,695   $ 34,895      $ (7,800   $ —        $ (7,800

Derivatives designated as hedging instruments:

         

Interest rate swap contract

    (2,496     —          (2,496     —          (2,496

The following table provides information about the fair values of these derivative instruments in a net asset or (liability) position as of December 31, 2015 and 2014 and the line items in the consolidated balance sheets in which the fair values are reflected. See note 14, Fair Value Measurements, for additional information related to the fair values of derivative instruments.

 

        December 31,  
   

Consolidated balance sheets location

  2015     2014  

Derivatives not designated as hedging instruments:

     

Commodity contracts

  Prepaid expenses and other current assets   $ 27,501      $ 14,732   

Foreign currency swap contracts

  Prepaid expenses and other current assets     286        —     

Commodity contracts

  Accrued liabilities     (67,442     (7,800

Derivatives designated as hedging instruments:

     

Fair value hedges

  Accrued liabilities     1,908        48,662   

Interest rate swap contract

  Accrued liabilities     (4,922     (2,496

Unrealized gains and losses associated with changes in the fair value of derivative instruments not accounted for as cash flow hedges are reflected in current period earnings.

 

F-62

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